5 High Beta Dividend Stocks to Buy

2. ConocoPhillips (NYSE:COP)

Number of Hedge Fund Holders: 50

Dividend Yield: 2.4%

Beta Value: 1.30

ConocoPhillips (NYSE:COP), a natural gas liquids company, is next on our list of high beta dividend stocks to buy, ranking 2nd. The company explores hydrocarbon and is based in Houston’s Energy Corridor district.

As of this October, Truist analyst Neal Dingmann holds a Buy rating on shares of ConocoPhillips (NYSE:COP). The analyst also raised his price target on the stock to $100.

In the second quarter of 2021, 50 hedge funds held stakes in ConocoPhillips (NYSE:COP) worth $1.2 billion. This is compared to 51 hedge funds in the previous quarter, with a total stake value of $1.2 billion then as well.